Tue, April 13, 2021
Cryptocurrency exchange Coinbase Global Inc., was set to be valued at more than $94 billion in a stock market debut on Wednesday April 13th, that marked another milestone in the development of bitcoin and other digital assets.
This also must be expected to receive much greater government scrutiny into the future.
Bitcoin hit a record of $62,741 on Tuesday, extending it's 2021 rally to new heights.
Coinbase, the largest U.S. cryptocurrency exchange debut it's listing on the Nasdaq on Wednesday, which is considered a landmark for cryptocurrency advocates.
Bitcoin the world's biggest cryptocurrency, rose as much as 5% on Tuesday.
Smaller rival Ethereum, also reached a record high.
Bitcoin topped $60,000 early last month, fueled by Tesla's move to buy $1.5 billion of the digital currency for its balance sheet.
For the past two weeks, it had traded in a tight range.
Demand is now flooding the market from institutions, just as large amounts of Bitcoin and Ethereum are increasingly being taken offline and holders are transferring them to their own offline wallets.
There is only one outcome from that, and investors should expect higher highs and higher lows throughout the year.
c/p from multiple sources